Together with Brigitte Ecker from WPZ Research, senior researcher Christian Reiner published a policy brief on the topic of basic research systems and how the current incentive system distorts research activities in an unfavourable way from a societal point of view. A summary of the policy brief was published on APA Science. In addition, Christian Reiner and Brigitte Ecker wrote an article based on the policy brief published in “Austria Innovativ” (1/2019), a magazine devoted to research and innovation activities in Austria.

Basic research is the foundation of societal progress. Since the era of Enlightenment, scientists around the world have contributed to the accumulation of a tremendous body of knowledge, which underpins our current level of wealth and wellbeing. Global challenges, such as climate change or ageing, necessitate even more knowledge production in order to overcome these severe problems.

Yet, developments in the past two decades have provided researchers with incentives that may not be optimal for achieving societal progress. The governance of basic research motivates researchers to publish as many articles as possible in as prestigious journals as possible. If they want to advance their career, they need to attract as much third-party funding as possible. The result is a very intense competition between researchers for publication in international journals and funding.

Academic researchers respond to this situation by adjusting their research questions and methods in order to maximize their chances of getting published or receiving funding. Articles are written about fancy but maybe irrelevant topics, and research projects are much more conservative than they should be given the aim to come up with radical new solutions to our global problems.

To find out more about research activities at LBS please visit our Research section or contact us via [email protected].

Source: Stephan, Veugelers und Wang (2017)

Source: Stephan, Veugelers und Wang (2017)



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Welcome to LBS

We are very pleased to announce the beginning of the new academic year 2018/2019 on October 4!

The LBS faculty and staff wish all our new and returning students a good start! We hope that you have refilled your energy reserves during the summer and that you are now ready for the new challenges to come.

A very special welcome to all our new students joining the LBS academic community this year. We are excited to meet you at our Orientation and Welcome Day!

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Christian Reiner, senior researcher at LBS, was invited by the Carinthian Economic Society (Volkswirtschaftliche Gesellschaft Kärnten) to deliver a talk on the economics of climate change. About 100 visitors attended the talk on October 3rd 2019 in Klagenfurt, Carinthia’s capital. Mr Reiner stressed the economic case for ambitious climate policy as well as the chances for business.

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On September 20, we were delighted to welcome many proud families and friends to the Lauder Business School campus for a Masters graduation ceremony. The ceremony started with a welcoming speech by our Executive Director Alexander Zirkler in the beautiful baroque LBS ballroom. In his address, he highlighted the international quality of both our Master programs and drew the parallel: “The value of your diplomas will increase in time like the value of a good painting.”

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